Capital Group Private Client Services Inc. Sells 216,666 Shares of Dollar General Co. (NYSE:DG)

Capital Group Private Client Services Inc. decreased its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 97.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,977 shares of the company's stock after selling 216,666 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in Dollar General were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DG. Vanguard Group Inc. lifted its holdings in shares of Dollar General by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock worth $1,913,036,000 after purchasing an additional 160,853 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Dollar General by 14.9% in the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after purchasing an additional 1,528,450 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock valued at $405,425,000 after buying an additional 118,204 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in Dollar General in the 4th quarter valued at about $399,433,000. Finally, ACR Alpine Capital Research LLC boosted its stake in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after buying an additional 3,994,070 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares of the company's stock, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.49% of the company's stock.

Dollar General Trading Down 1.6 %

Shares of NYSE DG traded down $1.56 during mid-day trading on Thursday, hitting $93.87. The stock had a trading volume of 3,691,994 shares, compared to its average volume of 3,900,231. The business has a 50 day moving average price of $83.49 and a two-hundred day moving average price of $78.75. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $147.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm has a market cap of $20.65 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.83 earnings per share. On average, equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.51%. The ex-dividend date was Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Analysts Set New Price Targets

DG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $80.00 price target (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a report on Tuesday, April 8th. Bank of America lowered their target price on Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Gordon Haskett downgraded shares of Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. Finally, UBS Group lowered their price target on Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General currently has a consensus rating of "Hold" and an average price target of $94.75.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.